Trilogy Metals (TSE:TMQ) Stock Price Down 10.1%

Trilogy Metals Inc. (TSE:TMQ) dropped 10.1% on Wednesday . The company traded as low as C$0.62 and last traded at C$0.62. Approximately 3,000 shares were traded during mid-day trading, a decline of 86% from the average daily volume of 22,094 shares. The stock had previously closed at C$0.69.

Analysts Set New Price Targets

Separately, Raymond James downgraded shares of Trilogy Metals from an “outperform” rating to a “market perform” rating and dropped their price target for the company from C$1.25 to C$1.00 in a research report on Tuesday, April 23rd.

Trilogy Metals Trading Up 11.1 %

The company has a quick ratio of 5.25, a current ratio of 4.64 and a debt-to-equity ratio of 0.02. The company has a market cap of C$112.12 million, a P/E ratio of -5.83 and a beta of 1.16. The firm’s 50 day moving average is C$0.63 and its two-hundred day moving average is C$0.63.

Trilogy Metals (TSE:TMQ) last issued its quarterly earnings data on Wednesday, April 3rd. The company reported C($0.03) earnings per share for the quarter, missing the consensus estimate of C($0.01) by C($0.02). As a group, equities research analysts anticipate that Trilogy Metals Inc. will post -0.07 EPS for the current year.

Insider Buying and Selling

In related news, Senior Officer Elaine Sanders sold 53,454 shares of the business’s stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of C$0.49, for a total value of C$26,192.46. 18.33% of the stock is currently owned by insiders.

Trilogy Metals Company Profile

Trilogy Metals Inc, a base metals exploration company, engages in the exploration and development of mineral properties in the United States. The company explores for copper, cobalt, lead, zinc, gold, and silver properties. It principally holds interests in the Upper Kobuk mineral projects that include the Arctic, which contains polymetallic volcanogenic massive sulfide deposits; and Bornite that contains carbonate-hosted copper – cobalt deposits covering an area of approximately 448,217 acres located in the Ambler mining district in Northwest Alaska.